I think these companies that have pledged to move to EV's will realize that what TSLA is doing is not easy.
TSLA is definitely a buy and hold. Weren't you pushing for TSLA at above $900? And now you are waiting for a dip?
OT: Stock and Investment Talk
- Thread starter RU-05
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TSLA is definitely a buy and hold. Weren't you pushing for TSLA at above $900? And now you are waiting for a dip?
I bought TSLA at $570 several months ago, back in March I believe. I only dabble in stocks (12 overall and those are buy and hold). Vast, vast, vast majority of my investments are funds and ETFs.
Ok got it. I must have been thinking of someone else who was pumping this stock in the $900s
I'm definitely a TSLA bull, so I think it will break $1000 in the next 12 months or so. I was thrilled to get it on the dip. :)
Coinbase slammed for what users say is terrible customer service after hackers drain their accounts
Customers of the nation's largest cryptocurrency exchange, Coinbase, say their accounts were taken over by criminals and the company's customer service is poor.
Bitcoin 'whales' jump back into market during cryptocurrency's rebound to $50,000
Cryptocurrency accounts holding roughly $50 million or more worth of bitcoin have steadily increased their buying since the end of June, according to new data.
Coinbase slammed for what users say is terrible customer service after hackers drain their accounts
Customers of the nation's largest cryptocurrency exchange, Coinbase, say their accounts were taken over by criminals and the company's customer service is poor.www.cnbc.com
I am shocked.
When will people learn - the recent BTC move is just another pump and dump cycle driven by the whales. They drive up the price sucking in FOMOs - then sell leaving the suckers holding the bag. Rinse and repeat.Bitcoin 'whales' jump back into market during cryptocurrency's rebound to $50,000
Cryptocurrency accounts holding roughly $50 million or more worth of bitcoin have steadily increased their buying since the end of June, according to new data.
It's funny to see you get so mad when certain stocks go up. Stop settling for crumbs.
The fact is that whales, as usual, are driving up the price. Do you think Novogratz is going to let his BTC empire disappear especially when he knows a little goosing is all it takes to get the clown parade marching again. Like I’ve said MANY times. I have no beef with folks making boatloads of cash on spec plays like BTC. But if you believe BTC is a real “asset” or has “utility” and this won’t end in disaster I wish you good luck.
I think your impression of BTC and crypto is quite pig-headed (not meant as disrespect to you) as that space is expanding and evolving into mainstream at a rapid pace. This isn't the tulip bubble or the dot com era though there are always some worthless areas to avoid. Whether as a hedge, a currency, a platform or other use, crypto and blockchain are here to stay.
Especially when you can sell an animated rock for $1.3 million on the blockchain. It all makes a lot of sense. Lol. The only value is if someone is willing to pay more. Good luck and sleep tight and hope you never have to call Coinbase customer service.
Go look at the garbage in MOMA and the modern art wing in Philly. Same thing.
You confuse blockchain and platform technology with the ridiculous tokenization scheme. Separate the two and then perhaps you’ll realize who is really benefitting. Go research how highly concentrated BTC ownership is - it’s scary. Go count the thousands of different tokens/coins that pop up daily. Cardano, Polkadot, ATOM, etc. - hate to tell you they aren’t investments. But, I’ve said it repeatedly - there is nothing wrong with throwing money at a spec play. My buddy made $1.4M when he was 22 years old in the mid-90s when he rode a company that had the licensing rights for Pokémon. Total spec play. The company was garbage but he got out before it crashed and landed in bankruptcy. Quit his job, bought a Porsche, moved to Miami, opened his own hedgefund, etc. Risk is not a bad thing.
You confuse blockchain and platform technology with the ridiculous tokenization scheme. Separate the two and then perhaps you’ll realize who is really benefitting. Go research how highly concentrated BTC ownership is - it’s scary. Go count the thousands of different tokens/coins that pop up daily. Cardano, Polkadot, ATOM, etc. - hate to tell you they aren’t investments. But, I’ve said it repeatedly - there is nothing wrong with throwing money at a spec play. My buddy made $1.4M when he was 22 years old in the mid-90s when he rode a company that had the licensing rights for Pokémon. Total spec play. The company was garbage but he got out before it crashed and landed in bankruptcy. Quit his job, bought a Porsche, moved to Miami, opened his own hedgefund, etc. Risk is not a bad thing.
They sell ALL the time. Then they buy back when BTC plummets to levels like $30K and suck in the FOMOs to help sky-rocket back to $50K. Who do you think drives the volatility - it’s not folks like us. Also I’m assuming you know that Tesla, after all the BTC hoopla, sold some BTC in Q1 for a $272M gain. I haven’t checked but would not be surprised if Tesla bought more when price dropped to $30K especially since I believe Tesla’s initial purchase was in the $35K range. Regardless, the whales are making huge money on these swings and conspiracy theorists will tell you the only reason the US gov’t hasn’t gone ape-shit over crypto market in general is because they don’t want it to crash before the IRS drops the hammer and collects billions in taxes.
I continue to be stuck in a range since early March.
I took a pretty big dip last week, but have bounced back nicely this week.
I didn’t say I’m buying what conspiracy theorists are selling. But they were saying it long before the infrastructure bill was on the table so there is clearly some legitimacy to it.
The end of Q1 was rough, but Q2 got my YTD returns back up to 15%'ish. So far Q3 has been okay. Just eye-balling my accounts, probably up another 3-4% making me 18-19% YTD.
Can't complain after all of the rotations!
Probably waiting until they know whether it's at 43.4% or 23.8% before they structure their enforcement scheme and pull the few remaining personel on the IRS help lines off those lines and into enforcement.
I'm going to play the covered calls game for a bit. See if tacking on premiums is worthwhile.
I've also DCA'd down on SOFI so it's a bigger holding then I ultimately want, so if the stock price jumps above $16 in a couple days I'm OK with trimming down my position.
Same, I also have been saving for my first home - and investing on a monthly basis has been tough due to saving instead, but I have been just holding long for all my investments and it's been pretty neutral in terms of gains. Been stuck in the same range for like the last 3-4 months as well. Lot of growth so they are plus 6% down 7% up 2% down 1%..
